Free Credit Balance means the credit balance in your Ac- count reduced by (a) the proceeds of the sale of any security that has not been received by Stifel in negotiable form and (b) the amount of any credit balance in your Securities Account required by margin rules and regulations or Stifel policies to maintain short sale positions, uncovered short option positions, and forward transactions and (c) funds availability as set forth in Section IV. A. 7.
Free Credit Balance refers to the credit balance that remains in a brokerage account after all purchases are made and are free from withdrawal restrictions. A free credit balance generally originates from dividends, interest payments, and/or security sales and may be used at any time to purchase more securities. The Free Credit Balance will be automatically deposited or “swept” into a cash sweep investment (“Sweep Investment”). Client understands that additional compensation in the form of third party payments is earned by Royal Alliance through its Sweep Program. Please refer to Item 4 of Appendix 1 for description of the services, fees, and compensation for Sweep Programs offered. Client understands that Client may be able to purchase shares of mutual funds offered through the Program outside of the Program directly from the mutual fund complex issuing them, its principal underwriter or distributor without paying the account fees on such shares (by subject to any applicable sales charges). Certain mutual funds offered through the Program may be offered generally to the public without a sales charge. Client may also incur certain charges imposed by third parties other than Royal Alliance in connection with investments made through the Account, including but not limited to no-load mutual fund 12b-1 distribution fees (trail commissions), certain deferred sales charges on previously purchased mutual funds and XXX and Qualified Retirement Plan fees. Advisory Representative and Royal Alliance will not receive or benefit from these charges paid to third parties and will return to the Account any amounts received by them from third parties in connection with investments made through the Account, except that Section 6 of this Agreement and the Revenue Sharing Disclosure contained within Royal Alliance’s ADV Part 2A describes the forms of indirect compensation other than 12b-1 distribution fees, if any, Royal Alliance and Advisory Representative may receive and retain in respect to investments made through the Account. Client authorizes and approves, as additional reasonable compensation for services under this Agreement, any such amounts. Client understands that Advisory Representative, in connection with Advisory Representative's performance of services, will be entitled to and will share in the account fees payable hereunder.
Free Credit Balance means the credit balance in your Account reduced by: (i) the proceeds of the sale of any securities that have not been received by WDCO in negotiable form; and (ii) the amount of any credit balance in your Account required by margin rules and regulation or WDCO policies to maintain short-sale positions, uncovered short option positions, and forward transactions.
Examples of Free Credit Balance in a sentence
Water resource/quality impacts by over-snow motorized vehicle use are primarily related to soil, ground cover, and stream course disturbance caused by the vehicle tires or treads.
No payment or Transfer that would exceed the combined value of your Free Credit Balance, any amounts you hold in a Sweep Option, and Margin Line of Credit will be made.
The Cash Investment Service is a service that offers you Sweep Options for the automatic investment, or “sweep,” of a Free Credit Balance in your Securities Account to permit you to earn income while you decide how those funds should be invested longer-term.
Stifel may use your Free Credit Balance, subject to the limitations of Rule 15c3-3 under The Securities Exchange Act of 1934 (17 CFR Section 240.
A Free Credit Balance must be in your Securities Account for the Cash Investment Service feature to operate.
More Definitions of Free Credit Balance
Free Credit Balance refers to the sum of any cash balance in Your Account. (When a cash balance in Your Margin Account is collateral for Your obligations to cover short securities and/or option positions, it is not available for Your use and is not included in Your Free Credit Balance).
Free Credit Balance means the amount of any cash that may be withdrawn from the Borrower’s MS BusinesScape Account at any time without creating a negative balance therein or giving rise to interest charges thereon.
Free Credit Balance refers to the credit balance that remains in a brokerage account after all purchases are made and are free from withdrawal restrictions. A free credit balance generally originates from dividends, interest payments, and/or security sales and may be used at any time to purchase more securities. the Free Credit Balance will be automatically deposited or “swept” into a cash sweep investment (“Sweep Investment”). Client understands that additional compensation in the form of third party payments is earned by the Royal Alliance through its Sweep Program. Please refer to Item 4 of Form ADV Part 2A - Appendix 1 Program Brochure for description of the services, fees, and compensation for Sweep Programs offered.
Free Credit Balance. Free credit balance means:(i) for cash and margin accounts, the credit balance less an amount equal to the aggregate of:(a) the market value of short positions, and(b) margin required on those short positions, and(ii) for futures accounts, the credit balance less an amount equal to the aggregate of:(a) margin required to carry open futures contracts or futures contract option positions, less(b) any equity in those contracts, plus(c) any deficits in those contracts.However, the aggregate amount must not exceed the dollar amount of the credit balance. “futures contract” A contract to make or take delivery of the underlying interest during a designated future month on terms agreed to when the contract is entered on a futures exchange. “futures contract option” A right to acquire a long or short position in connection with a futures contract on terms agreed to at the time the option is granted and any option that has a futures contract as its underlying interest. “Global Legal Entity Identifier System" Has the same meaning as set out in the Universal Market Integrity Rules. “guarantee” An agreement to be responsible for the liabilities of a person or to provide security for a person; and includes an agreement to:(i) purchase an investment, property or services,(ii) to supply funds, property or services, or(iii) to make an investment,if the agreement’s main purpose is to allow a person to perform its obligations under a security or investment, or to assure an investor in a security that the person will perform its obligations. “hearing” A hearing in connection with a proceeding, proposed proceeding or other matter under the Corporation requirements, other than a prehearing conference (defined in section 8402). “hearing committee” A hearing committee of a District appointed under Rule 8300. “hearing panel” A panel selected by the National Hearing Officer to conduct a hearingor prehearing conference (defined in section 8402).
Free Credit Balance refers to the credit balance that remains in a brokerage account after all purchases are made and are free from withdrawal restrictions. A Free Credit Balance generally originates from cash deposits, dividends, interest payments, and/or the proceeds from securities sales and may be used at any time to purchase more securities or be withdrawn. In the Sweep Program, any Free Credit Balances in your Program Account will be automatically deposited or “swept” into a cash sweep investment (“Sweep Investment”). Client understands that additional compensation in the form of third party payments is earned by WFS through its Sweep Program. Please refer to Item 4 of the Program Brochure for a description of the services, fees, and compensation related to the Sweep Program.
Free Credit Balance means the cash balance in your SoFi Money Account that represents an amount payable to you on demand by SoFi Securities.
Free Credit Balance means the credit balance in your Account reduced by (a) the proceeds of the sale of any security that has not been received by Stifel in negotiable form and (b) the amount of any credit balance in your Securities Account required by margin rules and regulations or Stifel policies to maintain short sale positions, uncovered short option positions, and forward transactions and (c) funds availability as set forth in Section IV. A. 7.